Frequently Asked Questions > General Conveyancing Questions (13 entries)

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  • What is a Conveyancer?
    When undergoing a conveyancing transaction a Certified Practicing Conveyancer is able to assist you. A Certified Practicing Conveyancer undergoes certain education and practical training before being entitled to hold a conveyancer’s ...
  • Why should I use a Conveyancer?
    Buying or selling property is one of the biggest financial transactions or your life. Due to the financial and legal aspects of transferring property, the consequences of making a mistake can ...
  • What is the cooling off period and how does it affect me?
    A cooling off period is the right of a purchaser of property to cancel the agreement within 5 working days. It offers some protection to purchasers that may have rushed into ...
  • What is a disbursement?
    A disbursement is one of the expenses incurred during the process of searching and obtaining a certificate from local government authorities or local councils etc. We will outline all anticipated disbusements ...
  • What happens if either party cannot settle on the due date?
    The vendor or purchaser can issue a 'Notice to Complete' which means the vendor or purchaser has 14 days (including weekends and public holidays) to settle the matter. If left unsettled, ...
  • What happens at settlement time?
    Settlement is the finalisation of the sale or purchase process. There are usually four parties involved - the vendors and purchasers conveyancers and the banks for the vendor and purchaser. On ...
  • Who notifies the authorities that I have purchased a property?
    When your transfer papers are lodged for registration after settlement, the council and water provider are automatically notified of the new purchase. Other providers, however, will need to be notified by ...
  • What are the Residential Model By-Laws ?
    STRATA SCHEMES MANAGEMENT REGULATION 2010 - SCHEDULE 2 SCHEDULE 2 – Model by-laws for residential strata schemes (Clause 27) 1 Noise  ...
  • What are the Commercial & Retail Model By-Laws ?
    STRATA SCHEMES MANAGEMENT REGULATION 2010 - SCHEDULE 6 SCHEDULE 6 – Model by-laws for commercial/retail schemes (Clause 27) 1 Vehicles  ...
  • What are the Mixed Use Model By-Laws ?
    STRATA SCHEMES MANAGEMENT REGULATION 2010 - SCHEDULE 7 SCHEDULE 7 – Model by-laws for mixed use schemes (Clause 27) 1 Noise  ...
  • What should I look for when buying a Strata Unit ?
    If you are interested in buying a strata unit, it is essential you look at the records of the owners corporation and know as much as you can about the maintenance ...
  • What does "buying a unit off the plan" mean ?
    Sometimes strata units are advertised for sale even before the building has been constructed. Sometimes even before construction has commenced. The design of the building and sketches of its final appearance ...
  • What is a covenant ?
    Covenants are restrictions on the property that are part of the title. Often houses in sub-divisions have them as do property that is sub-divided off a main part. Examples ...